Legal & General Group Plc boosted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 813,082 shares of the real estate investment trust’s stock after acquiring an additional 41,063 shares during the period. Legal & General Group Plc owned 0.72% of Mid-America Apartment Communities worth $86,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MAA. Bronfman E.L. Rothschild L.P. raised its holdings in Mid-America Apartment Communities by 32.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,542 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 382 shares in the last quarter. Timber Hill LLC acquired a new stake in Mid-America Apartment Communities in the third quarter valued at $218,000. Commerce Bank acquired a new stake in Mid-America Apartment Communities in the second quarter valued at $223,000. Parametrica Management Ltd acquired a new stake in Mid-America Apartment Communities in the third quarter valued at $236,000. Finally, BB&T Securities LLC acquired a new stake in Mid-America Apartment Communities in the second quarter valued at $237,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Mid-America Apartment Communities in a report on Wednesday. UBS cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Wednesday. BMO Capital Markets cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and set a $107.00 price target on the stock. in a report on Monday, November 27th. Cantor Fitzgerald reiterated a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a research note on Monday, November 13th. Finally, Robert W. Baird reiterated a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, November 10th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $110.50.

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) opened at $102.84 on Friday. Mid-America Apartment Communities, Inc. has a 12 month low of $87.59 and a 12 month high of $110.95. The firm has a market cap of $11,639.95, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 2.47 and a beta of 0.34.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.61. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The firm had revenue of $384.60 million during the quarter, compared to analyst estimates of $386.96 million. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 5.91 earnings per share for the current fiscal year.

In other news, Director David P. Stockert sold 6,872 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total transaction of $730,768.48. Following the completion of the transaction, the director now owns 77,180 shares in the company, valued at $8,207,321.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Reid Sanders purchased 7,000 shares of the stock in a transaction dated Friday, October 27th. The shares were purchased at an average price of $100.11 per share, with a total value of $700,770.00. Following the transaction, the director now directly owns 8,209 shares of the company’s stock, valued at approximately $821,802.99. The disclosure for this purchase can be found here. 1.25% of the stock is owned by insiders.

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Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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